March 01, 2012

Aptivaa was the Knowledge Partner at the IBA 6th Annual Risk and Compliance Summit 2012 on March 1, 2012 at Trident (Mumbai), organized jointly by SP Media and the Indian Banks’ Association (IBA). The conference featured speakers from the RBI, India

n banks and consulting firms who provided actionable insights to delegates. The Summit provided a common platform for both, the regulator and the banks, to discuss the recently released Internal Ratings Based (IRB) Approach and draft Basel III guidelines as well as their impact on Indian banks.

The keynote address was given by Mr. B Mahapatra (Executive Director, Reserve Bank of India). He presented his views on the fast changing regulatory environment in the aftermath to the financial crisis.

Mr. Alok Tiwari, CEO- Aptivaa, made an insightful presentation on the Roadmap to the IRB Approach for Indian banks. He not only emphasized key points of the guidelines but also highlighted the key challenges faced by banks in the compliance to these guidelines. He also shared his experiences of implementing the IRB Approach in various large banks across the globe.

It was followed by a panel discussion of Bankers’ View on Draft Basel III Guidelines. The panel was moderated by Shri Deepak Singal (CGM-in-Charge, Reserve Bank of India). The other panelists Mr. K R Mohanchandran (Chief Risk Officer, Federal Bank), Mr. S Ananthakrishnan (ED, IDBI), Dr. Ram Sangapure (GM, Central Bank of India), Mr. Aravind Katpalia (Head Risk, Kotak Bank), Mr. Sangeet Shukla, (Senior Advisor- Risk, Indian Banks’ Association), and Mr. Rajendra Kumar (General Manager, Reserve Bank of India) also presented their view on the guidelines. The panel not only discussed key issues related to the capital ratio, liquidity ratios and leverage ratio, but also threw the dais open for questions from the participants.

Apart from the presentation, Mr. Tiwari also moderated the panel discussion on Implementation of RBI’s Final Guidelines on Internal Rating Based (IRB) Approach for Credit Risk Implementation. The other panelists Mr. V G Mathew (CGM- Risk, State Bank of India), Mr. Goutam Sanyal (Jt.GM, ICICI Bank), Mr. Benjamin Frank (EVP, HDFC Bank) talked about the preparedness of their respective banks to comply with these guidelines and also gave valuable suggestions to help the local banking industry comply with the said guidelines.

The discussions also focused on other issues like Automated Data Flow Anti Money Laundering. The event witnessed a large participation from various banks, the RBI and leading industry practitioners.